#BANKNIFTY for me risk reward i see good on long side , thus its better for me to go long with stop below 24800.
trade with levels
Coming week is crucial for HDFCBANK . I am watching Force Index to cross above Zero Line.
looking at the indices and sectorial stocks kotak and hdfc dragging , while all others pulling it higher , icici still has a 10% upside left while sbi will follow and will keep on making a higher high. yes bank may consolidATE as like axis bank . Indusind will approAch new LTH . and sooner or later hdfc will come into picture to keep the show GO ON !
The stock has been rallying past for few days. Some profit booking possible for this week
the stock i personally feel bearish but yet just to mention levels and to remember them placing the idea here so as i can revisit and keep a check of what is going right and vice versa!
1: HDFC Bank Monthly, Price making higher high 2: RSI hitting Making lows 3: Safe until stock breaks 8 EMA (Not in the pic) on Monthly closing basis. Short term investors can tighten their trailing stops
hdfc bank imp levels